Broker Check

April 02, 2024

Here's a tip to help reduce unneeded spending and to lower the chances of someone opening a credit card in your name without your knowledge... Opt-Out of the prescreening process that allows credit card companies to send you "pre-approved" credit card offers.  

These offers are in the best interest of the companies that want you to spend excess dollars than it is for your benefit. Should you need and want to apply for credit, you may do so at your discretion, you don't need pre-approved offers. Those may do more harm than good in terms of having too many open credit lines should you decide to accept the offers. 

You may Opt-Out here:

While you're at it, if you'd like to order a copy of your Credit Report from one or all of the three major credit bureaus, you can find instructions here:

One change that happened somewhat recently is that we can now all get a free credit report for ourselves, from each of the three major credit bureaus, up to EVERY WEEK!

This change was instituted in 2020 due to COVID and the increase in fraud that year, and in 2023 the credit bureaus agreed to make this change permanent, to better help consumers monitor this important information. 

It does not mean that you should check your credit reports weekly. But it does allow you more flexibility to request these reports more than annually if you believe your information has been compromised, or if you experienced a major life change. Keeping an eye on your credit history is an important part of a financial plan. 

To learn more about this change and for tips on using your credit reports, check out this article from U.S. News.